Minister for Energy and Green Transition, John Abdulai Jinapor, says fresh investment commitments in Ghana’s upstream petroleum sector demonstrate renewed confidence in the country’s oil and gas industry. Speaking at the 15th anniversary celebration of the Petroleum Commission, Mr Jinapor said partners in the Jubilee and TEN fields had committed approximately US$2 billion towards further […]
The Ghana National Petroleum Corporation (GNPC) has marked four decades of operations with a renewed focus on restoring petroleum production growth, expanding gas commercialisation, advancing exploration and strengthening its capacity to take on a greater operatorship role. The Corporation outlined these priorities at its 3rd Annual General Meeting, held at the Labadi Beach Hotel in […]
The Ghana National Petroleum Corporation (GNPC) is targeting a recovery in oil production, expanded gas commercialisation and increased exploration as it marks 40 years of operations. The Corporation outlined the priorities at its 3rd Annual General Meeting at the Labadi Beach Hotel in Accra. The meeting, held under the theme “40 Years of Resilience,” reviewed […]
Monumental Energy Corp.‘s application for petroleum exploration acreage in New Zealand’s Taranaki basin has advanced to government review after a three-month competing-application period closed without any competing bids. The application for petroleum exploration permit PEP61554 covers approximately 245 km² of prospective onshore and offshore acreage in the northern Taranaki basin. Monumental submitted the application in May 2026 alongside private […]
TGS will launch the fourth phase of its multi-client 3D seismic program offshore Sarawak, Malaysia, adding approximately 1,020 km² of new data to support exploration across the hydrocarbon-rich basin. The Ramform Sovereign seismic vessel is scheduled to mobilize for the survey during the fourth quarter of 2026, with acquisition expected to be completed in December. Phase 4 is […]
Ecopetrol has completed its approximately $1.2 billion acquisition of a controlling 51% stake in Brava Energia, significantly expanding the Colombian energy company’s upstream position in Brazil. The transaction closed following receipt of required regulatory approvals and combines shares acquired through a voluntary tender offer with shares purchased under an April agreement with existing Brava shareholders. Ecopetrol acquired approximately 25% of […]
SLB has secured a contract from Brunei Shell Petroleum (BSP) to support the restoration of production from shut-in wells across multiple mature offshore fields in Brunei. Under the contract, SLB will provide an integrated production restoration program spanning subsurface evaluation, well candidate selection, engineering and offshore execution. The scope also includes project management, well intervention services, monitoring, metering […]
Helmerich & Payne (H&P) and ExxonMobil led U.S. land drilling activity among contractors and operators, respectively, according to new rankings released by Enverus based on first-quarter 2026 data. H&P ranked as the most active U.S. land drilling contractor, recording 15.85 million ft of total drilled measured depth across 776 wells. Patterson-UTI Drilling ranked second with 9.51 million ft across 442 wells, followed by Nabors Industries with 6.55 million ft and Ensign […]
On Friday, the Libyan-Tunisian Joint Oil Exploration, Exploitation and Petroleum Services Company (Joint Oil) announced the schedule of a new bid round for exploration and development of offshore acreage in the Gabes-Tripoli Basin, the cross-border zone the two countries jointly administer in the central Mediterranean. The round, run with strategic advisor Moyes & Co, opens […]
Ghana’s shift towards gas-driven power generation has helped reduce the country’s dependence on imported liquid fuels, generating annual savings of about $500 million, Energy and Green Transition Minister Dr John Abdulai Jinapor has said. Speaking at the launch of the Petroleum Commission’s 15th anniversary celebrations on Tuesday, August 18, Dr Jinapor said increased gas availability […]